Chinese developer mulls halting investment into docks project

A Chinese property developer has threatened to stall further investment in a £1.7bn regeneration project at London’s Royal Albert Dock until there is certainty around the outcome of Brexit. Advanced Business Park says it is reviewing the future of the scheme, its first development outside China, after being hit by slow sales and lettings activity caused by uncertainty around Brexit. Chairman Xu Weiping said that the company's board "will not make a decision so easily about continuing to invest" in the next phase of the project: "They will need to further assess the future development of the UK."

The Times (09/09/2019)